I recently dissolved my corporation of 9 years. I have some debt that is in my name personally and also as a corp. The debt is about $7929.00. I am unable to keep up with this debt and would like to find out how to get rid of it, or reduce it with out killing my credit any worse then it already is. I would like to have to file bankruptcy if not needed. If I do file banckrupcty, will the accounts on my credit that are in my name personally be able to be filed also? As they were technically business debt too.

Your personal debts are not your corporate debts, and vice versa. Get a copy of your credit report and start from there. Some creditors pursue debts, and some don't. The debt(s) may go away if not pursued in a timely manner.

I cannot pay the high interest rates on my credit cards have stopped using them for the last 2years still the balance does not become less in fact the minimum payoff amount keeps on increasing, what steps should I take to get out of this situation

You should consult with a bankruptcy lawyer in your area. Bankruptcy lawyers know best how to settle delinquent accounts, without having to file bankruptcy, unless it is needed.

Shelly and Jajumama--Have you looked into debt settlement? If you are stuck at making minimum payments and have been doing it for awhile, a debt settlement program may be able to help you. I know how frustrating it is to make a payment and see the balance increase! Debt settlement helps reduce the total amount of debt and can save you thousands of dollars. It's a least looking into, especially if you are trying to avoid bankruptcy at all costs.

Also, debt relief programs tend to hurt your credit score. Unless you can pay off the $7929.00 all at once, you will more than likely see a ding in your credit score. With debt settlement, once your accounts get settled, the balances are at zero and your credit score will increase due to the debt to income ratio (makes up about 30% of your credit score). However, if having a low score during the next 12-36 months (length of the program) is not in your best interest, then review it carefully.